Tesla Gets A $28.8 Million California Tax Break

Posted Oct 31, 2009

Tesla Motors seems to be getting their way lately. A lawsuit has been dropped. The company made a profit this past July. The U.S. Department of Energy and Daimler both invested hundreds of millions of dollars in the company. On top of all this luck, the state of California decided to give Tesla a $28.8 million tax break.

The tax break was made by the California Alternative Energy and Advanced Transportation Financing Authority. The break will save Tesla taxes on $320 million worth of equipment according to VentureBeat.